beetlebrain
Registered User
- Messages
- 13
Maybe you should seriously reconsider incurring an additional €24K of debt (probably 75% of your net earnings!) on top of what you already have?I'l tell you a little of my history. boi loan of €4,300 Cleared and I have one credit card at €4,500 no payments missed but i let it go overdrawn by 200. Im 21, and a home owner. Mortgage about 1000 pm. earn approxx 40k
I honestly dont know what to do.
why im been declined?
Reality check - can you afford it? I suspect not.Macer..i dont wanna go back and tell him i cant buy it after him getting it for me. I guess i could get a good 2nd hand car but now that its there i guess i want it.
And the little matter of your mortgage?Its just the credit card
If you just make minimum repayments you will probably never clear this!im paying it of in chunks at the mo trying to clear it. Min monthly repayments are about €100.
Do you mean that this property may not actually be your PPR and so you could also have outstanding tax issues here?I've never thought about renting a room, thats something i could look into. Im only in the house at the weekends really, as i work in dublin and stay with my parents some nights.
Care to post your outline budget plan covering all incomings and outgoings?I have looked over my money etc and I would be able to repay the 24k.
Very similar post here also involving GE money and aib. Tesco Loans was the solution.
I never said that it was not his PPR - I just said that there is insufficient information posted to say for sure. There is no way that you can say that he definitely has no tax issues in this regard. This could be a pertinent issue for somebody who already has problems with debt - an outstanding tax liability should it arise could put them under even more pressure.In relation to Clubman comments re. outstanding tax if the house you own is not your PPR. Just because you stay with your parents regularly doesn't mean that its not your PPR, even if you rent out a room. It still your main base, so you have no worries there.
Why are you bothering to reduce the limit if you are ditching the card? If you are doing this don't just cut it up - make sure to cancel it with the card provider once you have cleared the balance otherwise they will probably reissue the card when the time comes and you will be charged another €40 annual stamp duty.Anyways, im clearing it with the boi and reducing the limit to €500 and I already have it cut up, in the bin.
I still think that you are mad
I dont wanna go back and tell him i cant buy it after him getting it for me. I guess i could get a good 2nd hand car but now that its there i guess i want it.
Too make it clear, the boi loan i had is cleared, and has been over a year. Its just the credit card, im paying it of in chunks at the mo trying to clear it. Min monthly repayments are about €100. I've never thought about renting a room, thats something i could look into. Im only in the house at the weekends really, as i work in dublin and stay with my parents some nights. I could get them to go as guarantor but I'd rather see if I could get loan myself without bothering them. I've some savings in the bank (which would buy a car) but i was hoping to build them up for emergiences, rainy days, if the heating ever broke in house etc.
I have looked over my money etc and I would be able to repay the 24k.
Anyways thanks again for the advice, il see what tomorrow brings..
btw macer..do you think the dealer will charge me anything for messing him about with the car?
Bacchus said:Very similar post here also involving GE money and aib. Tesco Loans was the solution.
Based on the limited info provided by the OP taking on more debt, certainly at levels over 10k, is not the solution to his/her problems.
This part...What part of "I'm a home owner" isn't clear !!!!
By itself this is enough evidence for people to question whether or not this property was, in fact, the original poster's PPR and, if not, what tax liabilities might be outstanding which would obviously have an impact on the original poster's ability to service even more debt.I've never thought about renting a room, thats something i could look into. Im only in the house at the weekends really, as i work in dublin and stay with my parents some nights.
Well I disagree and I suspect that KalEl does too.People need to read post maybe more that once if their first thoughts are as displayed on this thread.
Still believe that mentioning a tax liability was way off track & might have just freaked out this young person, but that my "opinion".
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